Quote:The proposal, which was circulated to key stakeholders and obtained by The New York Times, includes plans for a new central clearinghouse that would be responsible for processing payments for all cross-border transfers, including commissions paid to agents. Those fees could be capped at 5 percent of a player’s total salary, or of the transfer fee.

But the most eye-catching changes, and potentially the most significant ones, could be those seeking to limit how much clubs would be allowed to spend for players, a figure that reached a record in 2017 when the French champion Paris St.-Germain paid a record $262 million for the Brazilian forward Neymar.

Proposals under consideration include using an algorithm to benchmark a player’s price and a system to punish clubs that surpass it with a form of luxury tax shared with the player’s previous clubs. The FIFA committee also raised the possibility of salary caps based on a percentage of a team’s revenue as a mechanism to prevent teams from falling into financial difficulty, and the insertion of fixed buyout clauses in the contracts of professional players, similar to those in place in countries like Spain and Portugal.